Apple Releases Latest Quarterly Revenue Report, Marks Record $54.5 Billion In Revenue Earnings

Apple 2013 Q1 report

The highly awaited Apple 2013 first quarter earnings results have been announced. The anticipation was in some part due to some reports which claimed demand for Apple’s flagship iPhone had declined and also due to Apple’s falling share price. The official announcement made by Apple, however, points the otherway, with a record quarterly earnings of $54.5 billion and a record quarterly net profit of $13.1 billion. In comparison, the 2012 Q1 results were $46.3 billion of earnings and net profit of $13.1 billion.

In the 13 weeks which made up Apple’s 2013 Q1, the Cupertino company managed to sell 47.8 million iPhones, which is more than 2012 Q1’s 37 million units sales figure. While this number contradicts reports claiming declining consumer interest in iPhones, it cannot be completely ruled out yet and such a trend, if real, will reflect in future quarterlies. The growth reflects in iPad sales as well. 2013 Q1 saw sale of 22.9 million iPads against last year’s 15.4 million.

While strong on the flagship device front, Apple sold fewer of its traditional devices – Macs and iPods. 4.1 million Macs against 5.2 million from the year-ago quarter and 12.7 million iPods against 15.4 million from the year-ago quarter.

The United States still remains Apple’s largest revenue generating market, accounting for $20.3 billion. At the same time Asian markets, especially China, have shown good growth figures, along with Japan.

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

“We’re pleased to have generated over $23 billion in cash flow from operations during the quarter,” said Peter Oppenheimer, Apple’s CFO. “We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”


Source: Apple